Tradewinds Capital Management, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 15, 2026), Tradewinds Capital Management, LLC reported 717 stock positions worth $503.5 million. Its top holding was iShares Gsci Commodity Dynam (COMT) at 9.3% of the portfolio, followed by State Street SPDR S&P Global (GNR, 7.7%) and SPDR Gold Minishares Trust (GLDM, 7.6%). Compared with Q4 2025, it opened 68 new positions, sold out of 36, added to 156 and reduced 80. The biggest buy was iShares Gsci Commodity Dynam (COMT, shares +234752%) and the biggest sale SS Technology Select Sector (XLK, shares −98%).
- Most Recent 13F
- Q2 2026
- Location
- BELLINGHAM, WA
- CIK
- 0001616026
- Portfolio Value
- $503.5M (Q1 2026)
- SEC Filing
- 0001616026-26-000005 ↗ filed Apr 15, 2026
Holdings Value
Holdings 717 stocks · $503.5M
| COMT iShares Gsci Commodity Dynam | 9.32% | 1,387,976 | $46.9M | Add +234752.1% |
| GNR State Street SPDR S&P Global | 7.71% | 520,182 | $38.8M | New |
| GLDM SPDR Gold Minishares Trust | 7.62% | 413,927 | $38.4M | Reduce -7.5% |
| EWY iShares MSCI South Korea ETF | 7.43% | 304,039 | $37.4M | Reduce -6.3% |
| EWP iShares MSCI Spain ETF | 7.28% | 675,263 | $36.7M | Add +23.9% |
| SIVR Abrdn Physical Silver Shares | 7.17% | 503,923 | $36.1M | Reduce -27.6% |
| SPEM State Street SP PTF Em ETF | 5.20% | 558,565 | $26.2M | Reduce -19.6% |
| EZA iShares MSCI South Africa Et | 4.75% | 352,993 | $23.9M | New |
| ICVT iShares Convertible Bond ETF | 4.24% | 209,661 | $21.3M | Add +10.5% |
| EWW iShares MSCI Mexico ETF | 3.60% | 241,002 | $18.1M | Add +1762.0% |
| FLJP Franklin Ftse Japan ETF | 3.50% | 487,318 | $17.6M | Add +19.1% |
| SPBO SS SPDR P Corp. Bond ETF | 2.89% | 502,038 | $14.6M | Reduce -33.5% |
| PFXF Vaneck Pref Sec X-Financials | 2.20% | 631,540 | $11.1M | New |
| SCHX Schwab US Large-Cap ETF | 2.09% | 411,225 | $10.5M | Reduce -65.3% |
| MSFT Microsoft Corp. | 1.88% | 25,547 | $9.5M | Add +0.3% |
| JPST JPMorgan Ultra-Short Income | 1.54% | 153,572 | $7.8M | Add +1.7% |
| XLE SS Energy Select Sector | 1.42% | 116,962 | $7.2M | Add +824.4% |
| SCHF Schwab Intl Equity ETF | 1.10% | 224,597 | $5.6M | Add +8.8% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.84% | 71,023 | $4.2M | Add +10.7% |
| AAPL Apple Inc. | 0.83% | 16,422 | $4.2M | Reduce -0.5% |
| SCHA Schwab US Small-Cap ETF | 0.77% | 132,629 | $3.9M | Add +5.5% |
| AMZN Amazon.com Inc. | 0.57% | 13,870 | $2.9M | Reduce -0.3% |
| JNJ Johnson & Johnson | 0.55% | 11,273 | $2.8M | Reduce -11.1% |
| SPSB SS SPDR P St C Corp. ETF | 0.53% | 89,218 | $2.7M | Add +7.2% |
| SCHC Schwab Intl Small-Cap Equity | 0.49% | 52,398 | $2.4M | Add +7.5% |
| BKLN Invesco Senior Loan ETF | 0.47% | 116,630 | $2.4M | Reduce -2.6% |
| HYMB SS SPDR N Ice HY Muni ETF | 0.47% | 95,376 | $2.4M | Add +5.9% |
| XOM Exxon Mobil Corp. | 0.46% | 13,545 | $2.3M | Add +0.2% |
| GOOG Alphabet Inc. Class C | 0.39% | 6,911 | $2.0M | Reduce -0.3% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.38% | 34,167 | $1.9M | Add +0.1% |
| NVDA Nvidia Corp. | 0.38% | 10,987 | $1.9M | Add +0.9% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.36% | 18,707 | $1.8M | Reduce -94.1% |
| VOO Vanguard S&P 500 ETF | 0.35% | 2,980 | $1.8M | Add +3.1% |
| IEUR iShares Core MSCI Europe ETF | 0.31% | 22,476 | $1.6M | No change |
| HON Honeywell International Inc. | 0.31% | 6,891 | $1.6M | Reduce -7.0% |
| MU Micron Technology Inc. | 0.29% | 4,302 | $1.5M | Reduce -0.3% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.29% | 2 | $1.4M | No change |
| COST Costco Wholesale Corp. | 0.28% | 1,408 | $1.4M | Reduce -2.5% |
| FLRN SS SPDR BB Ig Float RT ETF | 0.27% | 44,639 | $1.4M | Reduce -10.6% |
| QQQ Invesco QQQ Trust Series 1 | 0.25% | 2,193 | $1.3M | Add +2.2% |
| EWG iShares MSCI Germany ETF | 0.25% | 31,440 | $1.2M | Reduce -0.0% |
| ICSH iShares Ultra Short Duration | 0.24% | 23,512 | $1.2M | Add +0.7% |
| VMI Valmont Industries | 0.22% | 2,800 | $1.1M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.22% | 2,311 | $1.1M | Reduce -0.3% |
| SBUX Starbucks Corp. | 0.19% | 10,834 | $971K | Add +0.0% |
| ONEQ Fidelity Nasdaq Comp Indx | 0.18% | 10,856 | $922K | Add +0.1% |
| ABT Abbott Laboratories | 0.18% | 8,770 | $900K | Add +0.2% |
| ABBV Abbvie Inc. | 0.15% | 3,500 | $761K | Reduce -0.6% |
| PG The Procter & Gamble Co. | 0.14% | 4,751 | $686K | Add +0.1% |
| GOOGL Alphabet Inc. Class A | 0.14% | 2,379 | $684K | Add +0.4% |
| XEL Xcel Energy Inc. | 0.13% | 8,469 | $673K | No change |
| WAFD Wafd Inc. | 0.12% | 19,000 | $597K | No change |
| WMT Walmart Inc. | 0.12% | 4,777 | $594K | Add +0.5% |
| UPS United Parcel Service Class B | 0.12% | 6,000 | $590K | No change |
| WFC Wells Fargo & Co. | 0.12% | 7,361 | $586K | Add +0.2% |
| OKE Oneok Inc. | 0.11% | 6,118 | $553K | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.11% | 11,267 | $549K | Add +0.0% |
| MCD McDonald's Corp. | 0.11% | 1,767 | $549K | No change |
| JPM JPMorgan Chase & Co. | 0.11% | 1,865 | $549K | Add +0.4% |
| ITOT iShares Core S&P Total U.S. | 0.11% | 3,847 | $548K | No change |
| GWW WW Grainger Inc. | 0.11% | 500 | $545K | No change |
| XLK SS Technology Select Sector | 0.11% | 3,996 | $531K | Reduce -98.4% |
| SCHG Schwab US Large-Cap Growth | 0.11% | 18,162 | $529K | Reduce -56.2% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.10% | 4,339 | $515K | No change |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.10% | 1,751 | $503K | Add +0.2% |
| EWZ iShares MSCI Brazil ETF | 0.10% | 12,959 | $497K | No change |
| TEL Te Connectivity PLC | 0.09% | 2,196 | $459K | No change |
| TEM Tempus AI Inc. Class A | 0.09% | 10,000 | $452K | Add +49900.0% |
| ENB Enbridge Inc. | 0.09% | 8,324 | $451K | Add +0.1% |
| UNP Union Pacific Corp. | 0.09% | 1,853 | $450K | No change |
| TRV The Travelers Cos Inc. | 0.09% | 1,532 | $447K | No change |
| BANR Banner Corporation | 0.08% | 6,992 | $424K | No change |
| BA The Boeing Co. | 0.08% | 2,066 | $411K | Reduce -2.5% |
| GLW Corning Inc. | 0.08% | 3,007 | $409K | Add +0.2% |
| TLRY Tilray Brands Inc. | 0.08% | 60,387 | $391K | Reduce -0.0% |
| CAT Caterpillar Inc. | 0.07% | 529 | $375K | Add +0.4% |
| SMCI Super Micro Computer Inc. | 0.07% | 15,718 | $358K | No change |
| PEP Pepsico Inc. | 0.06% | 2,104 | $327K | Add +1.5% |
| IVV iShares Core S&P 500 ETF | 0.06% | 475 | $310K | Add +0.2% |
| SPMO Invesco S&P 500 Momentum ETF | 0.06% | 2,733 | $306K | No change |
| NSC Norfolk Southern Corp. | 0.06% | 1,053 | $302K | No change |
| TSLA Tesla Inc. | 0.06% | 775 | $288K | Reduce -23.6% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.06% | 947 | $283K | Add +1.3% |
| STIP iShares 0-5 Year Tips Bond E | 0.06% | 2,735 | $283K | No change |
| CSCO Cisco Systems Inc. | 0.05% | 3,489 | $271K | Add +1.3% |
| RTX RTX Corp. | 0.05% | 1,323 | $255K | Reduce -22.0% |
| CVX Chevron Corp. | 0.05% | 1,221 | $253K | Reduce -0.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.05% | 2,619 | $252K | Reduce -0.6% |
| ORCL Oracle Corp. | 0.05% | 1,684 | $248K | Add +8.1% |
| DE Deere & Co. | 0.05% | 435 | $245K | No change |
| DUK Duke Energy Corp. | 0.05% | 1,835 | $240K | No change |
| CCB Coastal Financial Corp. | 0.05% | 3,100 | $236K | No change |
| VICR Vicor Corp. | 0.05% | 1,425 | $229K | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.04% | 700 | $225K | Add +212.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.04% | 904 | $219K | Add +0.4% |
| HD Home Depot Inc. | 0.04% | 658 | $216K | Reduce -14.1% |
| LLY Eli Lilly & Co. | 0.04% | 228 | $210K | Reduce -16.8% |
| META Meta Platforms Inc. Class A | 0.04% | 343 | $196K | Add +0.9% |
| MDYV SS SPDR S&P 400 MC Val ETF | 0.04% | 2,299 | $196K | Add +0.4% |
| ADX Adams Diversified Equity | 0.04% | 8,873 | $194K | No change |
Lines left out (2) · $33 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| SPXL Direxion Daily S&P 500 Bull | DA 500 BU 3X ETF | 0 | $24 |
| EXE Expand Energy Corp. | COM | 0 | $9 |
Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.
Total filed on the 13F, all lines: $503.5M.
Portfolio Sells Q4 2025 → Q1 2026
| XLK SS Technology Select Sector | Reduce -98.4% | 0.11% | −7.48 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -94.1% | 0.36% | −6.77 |
| SCHX Schwab US Large-Cap ETF | Reduce -65.3% | 2.09% | −4.64 |
| EWI iShares MSCI Italy ETF | Reduce -99.9% | 0.00% | −3.37 |
| SIVR Abrdn Physical Silver Shares | Reduce -27.6% | 7.17% | −2.77 |
| SPBO SS SPDR P Corp. Bond ETF | Reduce -33.5% | 2.89% | −1.78 |
| SPEM State Street SP PTF Em ETF | Reduce -19.6% | 5.20% | −1.66 |
| GLDM SPDR Gold Minishares Trust | Reduce -7.5% | 7.62% | −0.44 |
| BSCU Invesco Bulletshares 2030 CB | Reduce -98.9% | 0.00% | −0.23 |
| SCHG Schwab US Large-Cap Growth | Reduce -56.2% | 0.11% | −0.18 |
| FLKR Franklin Ftse South Korea | Reduce -91.0% | 0.02% | −0.16 |
| EWJ iShares MSCI Japan ETF | Reduce -96.3% | 0.00% | −0.13 |
| FTEC Fidelity MSCI Info Tech Indx | Sold out | 0.00% | −0.13 |
| AAPL Apple Inc. | Reduce -0.5% | 0.83% | −0.12 |
| AMZN Amazon.com Inc. | Reduce -0.3% | 0.57% | −0.10 |
| GOOG Alphabet Inc. Class C | Reduce -0.3% | 0.39% | −0.06 |
| BKLN Invesco Senior Loan ETF | Reduce -2.6% | 0.47% | −0.06 |
| XLF SS Financial Select Sector | Reduce -88.5% | 0.01% | −0.05 |
| FLRN SS SPDR BB Ig Float RT ETF | Reduce -10.6% | 0.27% | −0.05 |
| TSLA Tesla Inc. | Reduce -23.6% | 0.06% | −0.04 |
| TLRY Tilray Brands Inc. | Reduce -0.0% | 0.08% | −0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -47.6% | 0.03% | −0.04 |
| EWG iShares MSCI Germany ETF | Reduce -0.0% | 0.25% | −0.03 |
| XNTK SS SPDR Nyse Tech ETF | Sold out | 0.00% | −0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.3% | 0.22% | −0.03 |
| LMT Lockheed Martin Corp. | Reduce -75.2% | 0.01% | −0.03 |
| ACHR Archer Aviation Inc. Class A | Reduce -99.9% | 0.00% | −0.03 |
| ALLW State Street Brgwtr All WTHR | Reduce -96.5% | 0.00% | −0.02 |
| LLY Eli Lilly & Co. | Reduce -16.8% | 0.04% | −0.02 |
| ABBV Abbvie Inc. | Reduce -0.6% | 0.15% | −0.02 |
| BA The Boeing Co. | Reduce -2.5% | 0.08% | −0.02 |
| RTX RTX Corp. | Reduce -22.0% | 0.05% | −0.01 |
| ENS Enersys | Reduce -40.9% | 0.03% | −0.01 |
| DIS The Walt Disney Co. | Reduce -0.6% | 0.05% | −0.01 |
| HD Home Depot Inc. | Reduce -14.1% | 0.04% | −0.01 |
| MTBA Simplify MBS ETF | Sold out | 0.00% | −0.01 |
| LULU Lululemon Athletica Inc. | Reduce -92.3% | 0.00% | −0.01 |
| XRPT Volatility SHS TR | Sold out | 0.00% | −0.01 |
| UNH Unitedhealth Group Inc. | Reduce -18.1% | 0.01% | −0.01 |
| ELA Envela Corp. | Sold out | 0.00% | −0.01 |
| PLTR Palantir Technologies Inc. Class A | Reduce -49.1% | 0.00% | −0.01 |
| PSK SS SPDR Ice Pref Sec ETF | Reduce -10.9% | 0.03% | −0.01 |
| JNJ Johnson & Johnson | Reduce -11.1% | 0.55% | −0.01 |
| OMEX Odyssey Marine Exploration | Sold out | 0.00% | −0.01 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -14.3% | 0.02% | −0.01 |
| ZS Zscaler Inc. | Reduce -76.3% | 0.00% | −0.01 |
| VERI Veritone Inc. | Sold out | 0.00% | −0.00 |
| MTZ Mastec Inc. | Sold out | 0.00% | −0.00 |
| SE Sea Ltd.-ADR | Reduce -50.0% | 0.00% | −0.00 |
| BNTX Biontech SE-ADR | Sold out | 0.00% | −0.00 |
Portfolio Buys Q4 2025 → Q1 2026
| COMT iShares Gsci Commodity Dynam | Add +234752.1% | 9.32% | +9.32 |
| GNR State Street SPDR S&P Global | New | 7.71% | +7.71 |
| EZA iShares MSCI South Africa Et | New | 4.75% | +4.75 |
| EWW iShares MSCI Mexico ETF | Add +1762.0% | 3.60% | +3.41 |
| PFXF Vaneck Pref Sec X-Financials | New | 2.20% | +2.20 |
| XLE SS Energy Select Sector | Add +824.4% | 1.42% | +1.30 |
| EWP iShares MSCI Spain ETF | Add +23.9% | 7.28% | +1.09 |
| FLJP Franklin Ftse Japan ETF | Add +19.1% | 3.50% | +0.53 |
| ICVT iShares Convertible Bond ETF | Add +10.5% | 4.24% | +0.30 |
| XOM Exxon Mobil Corp. | Add +0.2% | 0.46% | +0.11 |
| TEM Tempus AI Inc. Class A | Add +49900.0% | 0.09% | +0.09 |
| SCHF Schwab Intl Equity ETF | Add +8.8% | 1.10% | +0.06 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +10.7% | 0.84% | +0.05 |
| VUSB Vanguard Ultra Short Bond Et | New | 0.04% | +0.04 |
| VTI VG Morningstar TS MKT ETF-US | Add +212.5% | 0.04% | +0.03 |
| GLW Corning Inc. | Add +0.2% | 0.08% | +0.03 |
| RZLV Rezolve AI PLC | New | 0.02% | +0.02 |
| SCHC Schwab Intl Small-Cap Equity | Add +7.5% | 0.49% | +0.02 |
| VIG Vanguard Dividend Apprec ETF | New | 0.02% | +0.02 |
| SNDA Sonida Senior Living Inc. | New | 0.02% | +0.02 |
| VEU Vanguard Ftse All-World Ex-U | New | 0.01% | +0.01 |
| CAT Caterpillar Inc. | Add +0.4% | 0.07% | +0.01 |
| SCHA Schwab US Small-Cap ETF | Add +5.5% | 0.77% | +0.01 |
| FLY Firefly Aerospace Inc. | New | 0.01% | +0.01 |
| SOLS Solstice Adv Materials Inc. | Add +0.1% | 0.03% | +0.01 |
| VXF Vanguard Extended Market ETF | New | 0.01% | +0.01 |
| VBIL Vanguard 0-3M T-Bill ETF | New | 0.01% | +0.01 |
| VEA Vanguard Ftse Developed ETF | Add +122.2% | 0.01% | +0.01 |
| ZTS Zoetis Inc. | Add +7500.0% | 0.01% | +0.01 |
| WMT Walmart Inc. | Add +0.5% | 0.12% | +0.01 |
| VWO Vanguard Ftse Emerging Marke | Add +220.1% | 0.01% | +0.01 |
| VRT Vertiv Holdings Co. Class A | Add +10.9% | 0.02% | +0.01 |
| VCIT Vanguard Int-Term Corporate | Add +502.7% | 0.01% | +0.01 |
| SLV iShares Silver Trust | Add +185.7% | 0.01% | +0.01 |
| ENB Enbridge Inc. | Add +0.1% | 0.09% | +0.01 |
| SONO Sonos Inc. | New | 0.01% | +0.01 |
| SCHM Schwab US Mid Cap ETF | Add +189.1% | 0.01% | +0.01 |
| SOXX iShares Semiconductor ETF | Add +1166.7% | 0.01% | +0.00 |
| BP BP PLC-Spons ADR | Add +0.3% | 0.02% | +0.00 |
| DJD Invesco Dow Jones Industrial | New | 0.00% | +0.00 |
| MPC Marathon Petroleum Corp. | Add +31.2% | 0.01% | +0.00 |
| VDE Vanguard Energy ETF | Add +29.5% | 0.01% | +0.00 |
| CWI State Street SPDR MSCI Acwi | Add +531.9% | 0.00% | +0.00 |
| INTC Intel Corp. | Add +1.2% | 0.03% | +0.00 |
| VTIP Vanguard Short-Term Tips | New | 0.00% | +0.00 |
| XRPT 2X XRP ETF | New | 0.00% | +0.00 |
| IEMG iShares Core MSCI Emerging | Add +37.7% | 0.01% | +0.00 |
| FND Floor & Decor Holdings Inc. Class A | New | 0.00% | +0.00 |
| SSUS Day Hagan Smart Sector ETF | New | 0.00% | +0.00 |
| BSV Vanguard Short-Term Bond ETF | New | 0.00% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 713 | $562.6M | EWY, XLE, ICLN, BBCA, COMT |
| Q1 2026 | 717 | $503.5M | COMT, GNR, GLDM, EWY, EWP |
| Q4 2025 | 684 | $474.2M | SIVR, GLDM, XLK, SPYG, SPEM |
| Q3 2025 | 675 | $445.1M | EWI, GLDM, EWP, EWS, EWG |
| Q2 2025 | 640 | $397.7M | EWS, EWG, EWI, EWP, GLDM |
| Q1 2025 | 663 | $373.1M | GLDM, EWS, XLF, COMT, XLY |
| Q4 2024 | 669 | $378.9M | SCHX, SPYG, EWS, XLU, EWH |
| Q3 2024 | 616 | $373.8M | SPYG, XLF, RWO, INDA, SCHM |
| Q2 2024 | 591 | $339.0M | SCHX, SCHA, SPYV, IAU, EWJ |
| Q1 2024 | 553 | $361.8M | SPTL, MDYG, XLF, SLYG, XLK |